Hot on the heels of Android Lollipop and Nexus announcements yesterday, Google has today released their financial results for the 3rd quarter of 2014. The results are pretty good with consolidated revenues of $16.52 billion.
As usual Patrick Pichette, CFO of Google ran the earnings call and summed up by saying :
Google had another strong performance this quarter, with revenue up 20% year on year, at $16.5 billion. We continue to be excited about the growth in our advertising and emerging businesses.
$16.52 billion consolidated revenue for Q3, up 20% on Q3 2013.
$$4.37 billion net income, up from 3.82 billion on Q3 2013.
$62.16 billion cash on hand as of as of September 30, 2014, up from $61.20 billion reported last quarter.
55,030 full-time employees (51,564 in Google and 3,466 in Motorola Mobile).
Motorola Mobile had an operating loss in Q1 2014 of $185 million.
The numbers were apparently short on what investors were looking for and this was reflected on the share market where the share price is sitting at $524.51, this represents a drop in after hours trade of 2.39%.
The Google Earnings Call can be listened to here :